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Acquisitions and Divestitures News

Cluff Natural Resources Completes Farm-out of License P2252 to Shell
United Kingdom >> 5/30/2019 - AIM-listed Cluff Natural Resources has received Oil and Gas Authority ('OGA') approval in relation to the farm-out of License P2252 to Shell and the farm out has now completed. ...
Acquisition of Chevron North Sea Limited
United Kingdom >> 5/30/2019 - Ithaca Energy Limited (Ithaca) is pleased to announce that it is to acquire Chevron North Sea Limited (“CNSL”) for $2 billion. The transaction will add a further ten producing field interests to the e...
Shell Plans South Africa Oil Expansion with 2nd Deal
South Africa >> 5/29/2019 - Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospe...
Eni Acquires Rights in Three New Exploration Licenses in Mozambique
Eni Acquires Rights in Three New Exploration Licenses in Mozambique Mozambique >> 5/29/2019 - Eni, through its subsidiary Eni Mozambico, has acquired rights to explore and develop offshore blocks A5-B, Z5-C and Z5-D, located in the deep waters of Angoche and Zambezi Basins. Through a farm-in a...
AziNam Completes Block 3B/4B Transaction in South Africa
South Africa >> 5/29/2019 - Azinam Limited (“Azinam”), the Seacrest Capital-backed South West African-focussed oil & gas exploration company, has received governmental approval and completed the previously announced transaction ...
Petrobras Informs Injunction to Suspend Sale of Fertilizer Assets
Brazil >> 5/29/2019 - Petrobras was notified of the decision of the Federal Court of Rio de Janeiro, which granted an injunction, in a public action, ordering the suspension of the sale of 100% of its shareholding in Arauc...
Galilee Energy Awarded Surat Basin Acreage
Australia >> 5/28/2019 - Galilee Energy has announced success in being appointed thePreferred Tenderer for block PLR2018-1-8 by the Queensland Government in the most recent release of new petroleum resource areas. ...
Senex Awarded Surat Basin Domestic Gas Acreage
Australia >> 5/28/2019 - Senex Energy has been awarded preferred tender status for natural gas acreage in the Surat Basin as part of the Queensland Government’s domestic gas acreage tender process. ...
NOVATEK Obtains New Licenses on the Krasnoyarsk Territory
Russia >> 5/24/2019 - PAO NOVATEK announced obtaining five new licenses on the Krasnoyarsk Territory located in close proximity to the Company’s existing licenses located on the Gydan Peninsula. OOO NOVATEK-Yurkharovnefteg...
BP Nears Sale of Stake in Egyptian Oil Firm to Dragon Oil
BP Nears Sale of Stake in Egyptian Oil Firm to Dragon Oil Egypt >> 5/23/2019 - BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million, industry and banking sources said. ...
Sale of Namibia PEL 90
Namibia >> 5/23/2019 - Calima Energy Limited has entered into an agreement to sell its interest in the Namibia PEL 90 licence (Block 2813B) to Tullow Namibia Limited (Tullow), a subsidiary of Tullow Oil plc, a leading deep-...
Petrobras Approves Model for Additional Sale of Its Stake in BR Distribuidora
Brazil >> 5/22/2019 - Petrobras, following up in the release dated 04/26/2019, reports that its Board of Directors approved the model for the additional sale of its stake in Petrobras Distribuidora (BR) to be carried out t...
KUFPEC Signs License & Petroleum Concession Agreement in Pakistan
Pakistan >> 5/22/2019 - Kuwait Foreign Petroleum Exploration Company, K.S.C.C. (KUFPEC) is pleased to announce the signing by its subsidiary, Kirthar Pakistan B.V. (KPBV), of the Petroleum Exploration License and Petroleum C...
Vintage Energy Farms into Metgasco's ATP 2021 in the Cooper/Eromanga Basin
Australia >> 5/22/2019 - Vintage Energy has announced an executed binding Heads of Agreement (HoA) with Metgasco to become a joint venture partner in the ATP 2021 permit on the Queensland side of the Cooper/Eromanga Basins. T...
Petrobras Expresses Interest on the Transfer of Rights Surplus Bidding Round
Brazil >> 5/21/2019 - Petrobras expressed interest to the National Council for Energy Policy (CNPE) to exercise the pre-emption right on the Transfer of Rights surplus bidding round under the production sharing regime, pur...
Eni Awarded an Exploration Block in Argentina’s Offshore
Eni Awarded an Exploration Block in Argentina’s Offshore Argentina >> 5/20/2019 - The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. The award is the outcome of the consortium’s successful bid in the Internatio...
Ophir Energy Sells Offshore Mexico Block 5 Interest to Existing Partners
Mexico >> 5/16/2019 - Ophir Energy has signed a Sales and Purchase Agreement ('SPA') relating to the sale of its 23.33% interest in Block 5 (Cuenca Salina), offshore Mexico, to the existing partners in the Block 5 explorat...
Vintage Energy Farms out Bonaparte Basin EP126 Permit to Firetail
Australia >> 5/14/2019 - Vintage Energy has executed a binding Heads of Agreement with Firetail Energy Services for it to become a joint venture partner in the EP126 permit (onshore Bonaparte Basin, Northern Territory). Under...
Columbus Energy Announces Grant of Bonasse Licence Area
Trinidad and Tobago >> 5/13/2019 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to announce that it has been granted a Private Petroleum Licence for ...
Equinor Acquires Shell's Interest in the Caesar Tonga Oil Field in GoM
Mexico >> 5/13/2019 - Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. This ...

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